Management-concept and theory introduces one to the concept of management, its meaning, its purpose, the idea behind managing people, goals & activities of a group. It also talks about the importance of management, and the tasks of management. The principles of management by management scientists F.W.Taylor and Henri Fayol are also discussed.
Management is the practice of managing people in groups. Managing groups of people is essential, as individuals find it difficult to operate as a group. Operating in groups becomes essential as organizations grow larger and work tasks increase in volume.
Goals and activities of a group are dependent on the utilization of material, machines and methods. Goals and activities may vary according to the targets of a group. A group focused on sales will be less concerned or involved with machines, work shifts or material management as compared to a group involved with production. A sales group will be more involved with sales, inventory management, market mechanisms and customer satisfaction.
[...] A sales group will be more involved with sales, inventory management, market mechanisms and customer satisfaction. Group Performance Managers are responsible for the performance of a group. Their individual performance is evaluated based on the performance of the group. Non- performing individuals are a liability for any group and management. Management always tries to keep the group productive and performing at optimum levels. Definition Management can be defined as an undertaking involving forecasting, planning, organizing, staffing, directing, coordinating & controlling. [...]
[...] It can justify its existence and its authority only by the economic results. A business management has failed, if it fails to produce economic results. It has failed, if it does not improve, or at least maintain, the wealth producing capacity of the economic resources entrusted to it. Every act, every decision, every deliberation of management, economic performance should be the first dimension, the first challenge. Productive Work and Worker Achievement The second task of management is to make work productive & the worker achieving. [...]
[...] For workers, whether machine workers or executive vice-presidents, they must be satisfied through their achievement in work and job-that is within the enterprise. And management is the activating organ of the enterprise. Social Impacts and Social Responsibilities The third major challenge is managing the social impacts and the social responsibilities of the enterprises. None of our organization exists by itself. Every organization is an organ of society and exists for the role of the society. Business is no exception. Free enterprises cannot be justified as being good for business. [...]
[...] The Tasks of Management Business organizations and public service institutions do not exist for their own sake, but to fulfill a specific social purpose & to satisfy the specific needs of society, community or individuals. Business organizations are not ends in themselves, but means for achieving national growth. Management has to achieve the following three goals to enable the organization in its charge to function & contribute: The specific purpose and mission of the institution or organization should be made clear and known. [...]
[...] Thus, managing social impacts is, becoming a third major challenge and a third major dimension of management. To conclude on challenges to management, the three tasks always have to be done at the same time and within the same managerial action. It cannot be said that one task pre-dominates or requires greater skill or competence. It is true that business performance comes first-it is the aim of the enterprise and the reason of its existence. But if work and worker are mismanaged there will be no business performance, no matter how good the chief executive maybe managing the business. [...]
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